Globalization Discontents

This activity will enable you to:

• Explore a variety of perspectives on the different dimensions and complexity of globalization.
• Analyze significant economic questions according to the standards of the economics discipline including in broad subfields of economics, such as applied microeconomics, global and macroeconomics, econometrics, or finance.

Answer the question below based on “Globalization’s Discontents” by Joseph Stiglitz (Chapter 27 of the textbook).

According to Stiglitz, what are the “discontents” and the “darker side” of globalization? How does he assess the consequences of market liberalization? What does he mean by “governance through ideology,” and what should replace it?

Keep the following point in mind:

• The project should demonstrate understanding of assigned reading materials for the module.

The paper, not including the cover page, should be approximately 7o0 words in length, double spaced in 12–point font.

Solution Preview

Stiglitz argues that globalization has had several negative effects on the global community despite promising to uplift the community standards of nations across the world. He claims that the dark sides of globalization are the market elements, which inhibit economic…